Market Overview for Cookie DAO/Tether (COOKIEUSDT) as of 2025-09-17

• Price surged to a 24-hour high of 0.1327 before retreating to 0.1281
• Volatility expanded midday, with a notable breakout above 0.1300
• Volume spiked near 0.1315 and 0.1285, aligning with key price pivots
• Momentum remains neutral, with RSI hovering around midline
• Bollinger Bands tightened briefly pre-breakout, signaling potential reversal

The pair opened at 0.1283 on 2025-09-16 12:00 ET, surged to 0.1327, and closed at 0.1281 as of 2025-09-17 12:00 ET. The 24-hour volume was 9,785,217.5, and total notional turnover reached $1,269,178.4. A strong breakout above 0.1300 was followed by consolidation, suggesting potential sideways consolidation ahead.

Structure & Formations

Price action revealed a bullish engulfing pattern at 0.1302 (17:15 ET) and a bearish harami at 0.1313 (09:30 ET) as key turning points. Resistance levels formed at 0.1306, 0.1317, and 0.1322, with the 0.1296–0.1305 range acting as strong support. A doji at 0.1296 (03:45 ET) and another at 0.1286 (11:45 ET) highlighted indecision in both directions.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed around 0.1302–0.1304, suggesting a temporary bullish bias. On the daily timeframe, the 50-period line resides at 0.1298, while the 200-period sits at 0.1280, hinting at potential support if the trend weakens.

MACD & RSI

The MACD crossed above zero midday, confirming bullish momentum, but returned to neutral territory by 04:00 ET. RSI peaked at 58 during the breakout and dropped to 52 by the close, indicating neither overbought nor oversold conditions. A potential bounce may occur if RSI stabilizes above 50.

Bollinger Bands

Bands narrowed between 0.1283 and 0.1300 from 19:00 to 22:00 ET, signaling a period of consolidation before the breakout. Price traded near the upper band during the breakout and drifted toward the middle band by the close, suggesting the move may lack lasting momentum.

Volume & Turnover

Volume surged to 479,695.4 at 02:30 ET and again to 222,088.6 at 02:30 ET, confirming strength during the 0.1315–0.1322 rally. Notional turnover mirrored the volume pattern, with a peak of $60,291.9 at 02:30 ET. A divergence emerged in the final hour, as price drifted lower while volume remained moderate, hinting at potential exhaustion.

Fibonacci Retracements

Applying Fibonacci to the 0.1283–0.1327 swing, price retested the 61.8% level at 0.1309 and the 38.2% at 0.1302 before consolidating. Daily retracements placed 0.1295 as a key psychological level for potential follow-through.

Backtest Hypothesis

A potential backtesting strategy would involve a long entry at a bullish engulfing pattern breakout with a stop-loss just below the pattern’s low and a target at the next Fibonacci level. Given the recent action, a similar setup occurred at 0.1302 with a stop near 0.1298 and a target at 0.1315. This pattern may be backtested for profitability using a 15-minute RSI filter (above 45) and a volume confirmation filter (volume > 150,000).